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Hackers hijacked email security firm Mimecast's products to spy on customers

Hackers hijacked email security firm Mimecast's products to spy on customers

-- 2021-01-13 10:49:36

Email security provider Mimecast said on Tuesday that hackers had hijacked its products in order to spy on its customers. The company said it had been alerted to the attack by investigators at Micros...

Bangladesh makes strong case for leaving the poor's club

Bangladesh makes strong case for leaving the poor's club

FE REPORT 2021-01-13 10:24:00

The government on Tuesday presented the macroeconomic and socioeconomic progresses achieved by Bangladesh in recent times and the latest position of the country regarding graduation from the least d...

China top investor in Bangladesh's economic zones

China top investor in Bangladesh's economic zones

DOULOT AKTER MALA 2021-01-13 08:57:59

China is top foreign investor in the country's economic zones (EZ) as the number of its formal proposals outstrips 13 other nations. Between fiscal year 2018 and December of 2020, China grabbed more...

GM working with 'best startups' on next-gen EV battery tech

GM working with 'best startups' on next-gen EV battery tech

-- 2021-01-12 10:57:20

General Motors Co, as part of a $27 billion initiative to match or surpass Tesla Inc in the electric vehicle sector, is working with “all the best startups” on next-generation EV battery t...

Dhaka to seek revision of terms of Indian LoCs

Dhaka to seek revision of terms of Indian LoCs

FHM HUMAYAN KABIR 2021-01-12 08:30:24

Bangladesh would seek revision of the deals involving the Indian line of credit (LoC)-II and III as some of the provisions prove to be barriers to the smooth implementation of relevant projects, off...

UN launches fund for women enterprises to support innovative solutions

UN launches fund for women enterprises to support innovative solutions

FE Online Desk 2021-01-11 12:54:13

The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the United Nations Capital Development Fund (UNCDF) have recently launched a fund for women enterprises to suppor...

Economists' policymaking role shrinks

Economists' policymaking role shrinks

FE REPORT 2021-01-11 08:51:14

Country's leading economists have expressed concern over the gradually lessening involvement of the economists in the policymaking process and feared that it would affect achieving sustainable develop...

Bangladesh mission in Italy honours top remittance senders

Bangladesh mission in Italy honours top remittance senders

-- 2021-01-10 18:58:27

The Embassy of Bangladesh in Rome, Italy honoured five expatriate Bangladeshis and a business organisation with “Remittance Award". The five individual awardees of 2020 are Kartik Chandra Ghosh...

Identical twins aren’t perfect clones, research shows

Identical twins aren’t perfect clones, research shows

AP 2021-01-10 15:14:17

If you’re an identical twin who’s always resisted being called a clone of your sibling, scientists say you have a point. Identical twins are not exactly genetically the same, new research...

New Zealand central bank's data system breached

New Zealand central bank's data system breached

REUTERS 2021-01-10 10:45:33

The Reserve Bank of New Zealand said on Sunday that it was responding with urgency to a breach of one of its data systems. A third-party file-sharing service used by the central bank to share and sto...

Japan's aid to Bangladesh surpasses WB, ADB lending

Japan's aid to Bangladesh surpasses WB, ADB lending

FHM HUMAYAN KABIR 2021-01-10 09:48:48

Japan has emerged as Bangladesh's largest lender in terms of aid disbursement this fiscal year, overtaking the World Bank and the Asian Development Bank. The country's biggest bilateral donor disburs...

Bidding for importing LNG from spot market to continue

Bidding for importing LNG from spot market to continue

FE REPORT 2021-01-10 09:38:16

The government will continue to float tenders to import liquefied natural gas (LNG) from spot market despite non-submission of 'suitable' offers from bidders over the past several months. "We'll cont...

Google suspends social networking app favoured by Trump supporters

Google suspends social networking app favoured by Trump supporters

-- 2021-01-09 17:34:16

Alphabet Inc's Google on Friday suspended the Parler social networking service from its app store, citing posts inciting violence and demanding “robust” content moderation from the app fav...

5G network guidelines drafted though 3G, 4G still not fully available

5G network guidelines drafted though 3G, 4G still not fully available

FE REPORT 2021-01-09 10:27:24

The telecoms regulator has floated a draft guideline on fifth-generation (5G) cellular network seeking opinions from stakeholders despite unavailability of full 3G and 5G networks in Bangladesh as yet...

Borrowing from banking system set to be negative, thanks to slow ADP spending

Borrowing from banking system set to be negative, thanks to slow ADP spending

SIDDIQUE ISLAM 2021-01-09 10:22:40

The government's net borrowing from the country's banking system is expected to be negative in January, as a move is underway to repay Tk 40 million from the surplus, officials say. The ministry of...

Dhaka drops plan to negotiate FTA with US

Dhaka drops plan to negotiate FTA with US

SYFUL ISLAM 2021-01-09 08:40:07

The government has backtracked from a plan to propose the United States for signing a free trade area (FTA) deal considering its lack of preparedness, an official says. Failing to get the generalised...

Covid-19 crisis and fiscal space for Bangladesh economy

Covid-19 crisis and fiscal space for Bangladesh economy

Raju Ahmed, Md Salim Al Mamun and  Md Ezazul Islam   2021-01-08 22:21:47

The Covid-19 impact on Bangladesh economy since March 2020 reflected a sharp decline in growth rate of real gross domestic product (GDP) to 5.24 per cent in FY20, compared to a record high of 8.15 per...

Layoffs hit record in 2020 US

Layoffs hit record in 2020 US

REUTERS 2021-01-08 14:35:49

The number of Americans filing first-time claims for jobless benefits unexpectedly dipped last week while staying extremely high, with the labour market recovery appearing to stall as a raging Covid-1...

Bangladesh's tax revenue increases in first half despite Covid-19 fallout

Bangladesh's tax revenue increases in first half despite Covid-19 fallout

Doulot Akter Mala 2021-01-08 08:30:14

The country's tax revenue collection grew by 2.10 per cent in the first half (H1) of the current fiscal year (FY), 2020-21, although the Covid-19 pandemic hit economic activities hard. The National B...

Expats can convert Taka for transfering 75pc of income: BB rules

Expats can convert Taka for transfering 75pc of income: BB rules

FE REPORT 2021-01-08 08:24:50

The central bank has relaxed regulations, allowing banks to transfer up to 75 per cent of net monthly income of the expatriate employees, by converting Taka into equivalent foreign exchange, to their...

BB eases outward remittance rules for foreigners

BB eases outward remittance rules for foreigners

-- 2021-01-07 22:24:57

Bangladesh Bank (BB) further relaxed outward remittance rules for foreigners working in the country's economic zones (EZs), export processing zones (EPZs) and hi-tech parks (HTPs), reports UNB. As pe...

Downtrend in RMG export may continue until April, BGMEA president says

Downtrend in RMG export may continue until April, BGMEA president says

UNB 2021-01-07 19:15:46

President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr Rubana Huq has said the current downtrend in RMG export is likely to continue until April of this year. "I seek all...

India's fiscal deficit likely to be over 7.0pc in FY21

India's fiscal deficit likely to be over 7.0pc in FY21

-- 2021-01-07 18:36:22

India’s fiscal deficit for year ending in March is likely to be over 7.0 per cent of gross domestic product, reports Reuters accrediting three sources, as revenue collections suffered from a loc...

Bangladesh sets target to produce 4,500 tonnes of jute seed in five years

Bangladesh sets target to produce 4,500 tonnes of jute seed in five years

FE Online Report 2021-01-07 17:39:35

The government has set a target to produce 4,500 tonnes of jute seed in the next five years, aiming to make the country self-sufficient in such seeds, Agri Minister Dr Mohammad Abdur Razzaque said Thu...

US, Japan set for recovery in second half of 2021, IMF chief economist says

US, Japan set for recovery in second half of 2021, IMF chief economist says

Reuters 2021-01-07 16:55:59

Economic stimulus approved in the United States and Japan at the end of last year will help to power a recovery in their economies in the second half of 2021, IMF chief economist Gita Gopinath said on...

Fending off coronavirus, Vietnam revs up economy

Fending off coronavirus, Vietnam revs up economy

Reuters 2021-01-07 16:43:23

Vietnam’s success in curbing the coronavirus so far, while its Southeast Asia neighbours struggle, is helping the country power ahead in economic growth and attracting funds, foreign investors,...

Around 4,000 financial firms in Britain 'at risk of collapsing'

Around 4,000 financial firms in Britain 'at risk of collapsing'

Reuters 2021-01-07 14:23:47

Around 4,000 financial firms in Britain were at “heightened risk” of collapsing due to fallout from the first wave of the pandemic, the Financial Conduct Authority said on Thursday. The F...

LDC proposal to extend trade preference after graduation yet to be backed by the rich

LDC proposal to extend trade preference after graduation yet to be backed by the rich

SYFUL ISLAM and REZAUL KARIM 2021-01-07 10:00:38

The rich nations are yet to support a request by the LDCs to extend the existing trade preferences for an additional period of 12 years after their graduation, officials said. Against this backdrop,...

Finance minister slams changing forecasts by World Bank, IMF

Finance minister slams changing forecasts by World Bank, IMF

FE REPORT 2021-01-07 09:42:50

Finance Minister AHM Mustafa Kamal on Wednesday came down heavily on the World Bank (WB) and the International Monetary Fund (IMF) for frequently changing the forecast on gross domestic product (GDP)...

Bangladesh economy not in the middle of the pack, WB indicates

Bangladesh economy not in the middle of the pack, WB indicates

FE REPORT 2021-01-07 09:40:10

The country's economic growth rate for the current fiscal year is forecast to remain subdued at 1.6 per cent, even though the global economy may expand by 4.0 pc in 2021. For economies like Banglades...